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Chapel Sermon 04-23-1980

Page 1

U ' -1- DR. FALWELL'S SEEMON
^ CHAPEL APRIL 23, 1980 ;
■TERRY FALWELL; First Kings chapter three. We are anticipating while you are turning
there, we are anticipating that we're going to have a financial recession in this country,
possibly a deep depression financially. 1 just throw this in because many of you students
need to make some plans now. You need to be thinking ahead. As 1 see it - 1 was just in
Michigan, Detroit is wiped out financially right now. All of Michigan has a twelve-thirteen
percent unemployment rate. The car industry can not go down without it affecting
the rest of the nation. The housing industry is down right now, 1 mean shut down
totally in the nation. That is affecting everybody. We are at nineteen and a half percent
prime interest rate, 18.1 percent inflation rate as of last night and so I'm saying to
all of you young people you ought to be planning, praying, you ought to be looking for
jobs right now for this summer and you ought to live as frugally as you can and save
every penny that you can, spend as little as you can. 1 would advise against buying any
automobiles right now. Just get yourself an old piece of junk and drive it as little as
possible or get a bicycle or walk because 1 can tell you that about this time next year
in my opinion this country's going to be on her knees financially and we're preparing
for it in the ministry here. It hasn't hit us yet and 1 believe the Lord's just helping
us to get ready for it but there's going to be a bust. It's going to be tough. We're as
of yesterday our mail income for the month went over four million dollars for April and
we'll probably go over five million by the end of the month. That's unusually good but
we are ready. It could happen in May, it could happen in June but all the people who
advise us and who know the situation are telling us that the nosedive is coming and so
while right now we're taking steps that get everybody growling. We've had to cut out
personal days. We're making all kinds of adjustments so we don't have to cut heads of
seniority people. We have plans right now for elimination of major parts of the ministry
so we can provide the heart of the ministry if the time comes. Every television station,
every radio station we look at carefully determine which ones will we cut if this country
goes into a nosedive economically. We're looking at the schools and in what areas we
can trim. We're not hiring anybody if we can help it and we, this year, tried to give

U ' -1- DR. FALWELL'S SEEMON
^ CHAPEL APRIL 23, 1980 ;
■TERRY FALWELL; First Kings chapter three. We are anticipating while you are turning
there, we are anticipating that we're going to have a financial recession in this country,
possibly a deep depression financially. 1 just throw this in because many of you students
need to make some plans now. You need to be thinking ahead. As 1 see it - 1 was just in
Michigan, Detroit is wiped out financially right now. All of Michigan has a twelve-thirteen
percent unemployment rate. The car industry can not go down without it affecting
the rest of the nation. The housing industry is down right now, 1 mean shut down
totally in the nation. That is affecting everybody. We are at nineteen and a half percent
prime interest rate, 18.1 percent inflation rate as of last night and so I'm saying to
all of you young people you ought to be planning, praying, you ought to be looking for
jobs right now for this summer and you ought to live as frugally as you can and save
every penny that you can, spend as little as you can. 1 would advise against buying any
automobiles right now. Just get yourself an old piece of junk and drive it as little as
possible or get a bicycle or walk because 1 can tell you that about this time next year
in my opinion this country's going to be on her knees financially and we're preparing
for it in the ministry here. It hasn't hit us yet and 1 believe the Lord's just helping
us to get ready for it but there's going to be a bust. It's going to be tough. We're as
of yesterday our mail income for the month went over four million dollars for April and
we'll probably go over five million by the end of the month. That's unusually good but
we are ready. It could happen in May, it could happen in June but all the people who
advise us and who know the situation are telling us that the nosedive is coming and so
while right now we're taking steps that get everybody growling. We've had to cut out
personal days. We're making all kinds of adjustments so we don't have to cut heads of
seniority people. We have plans right now for elimination of major parts of the ministry
so we can provide the heart of the ministry if the time comes. Every television station,
every radio station we look at carefully determine which ones will we cut if this country
goes into a nosedive economically. We're looking at the schools and in what areas we
can trim. We're not hiring anybody if we can help it and we, this year, tried to give